DOGs Binary Option Trades - Page 22

Originally Posted by USB2Cable

Is it a respond to my last message? Only Americans can respond rest is a scam?

Originally Posted by cherrycoke

it could have been worse. DOG "lured" us in, read our strategy, go off and trade against us in that dark room .

Nah, but seriously, DOG's father-in-law is not in good shape. And DOG with his family is looking into that. Godspeed, DOG !

Originally Posted by cherrycoke

Hey beehivesjoe , the amount of stake really depends on many factors. But mainly confidence.

Of course, with only the right amount of confidence will persuade me for an entry. And after that, another level of confidence will decide on what size my stake would be.

example, a certain ticker has been trending downwards and is nearing a critical support level, possibly for a rebound or just consolidating. While at the 30th min window mark, the ticker starts to hover just above the critical support level. This action of the ticker would entice me for an entry. And if it really starts to ascend, i'll make an entry. So i get ready the CALL button and next is to select the stake size.

Lets say at the 40th min mark, the ticker is ascending as expected, and the lock-out period is at the 50th min mark, i'll have 10 mins to decide should i go ahead to buy a CALL base on all the indicators. If within the remaining 10 mins all indicators are a go for entry while showing the ticker has the momentum to ascend beyond its current level even at the 60th min mark, i'll go ahead and place my stake at $500. These are the entry requirements bit.

The other part is of course about capital perservation and management. Whichever amount i decide, is the amount i am willing to lose and it also forms lesser than 10% of my capital. This is not always the case especially when i first started trading with $100. Then, my trades were always $30 per piece until i reached $500 where i raised it to $100.

Most of my higher stakes are ITM. Which means that all or most of my indicators plus my sensing of market pulse are all pointing for an entry and hence the $500 or $1000 stake. If for any reason that after i decided to enter a trade but the remaining indicators are showing a mere 60% of the ticker finishing ITM, i'll put my stake at about $150 - 200 range.

hopefully i have answered your queries

Originally Posted by syynik

Interesting observations, Cherry, thank you. You come across as a very calculating and mature trader.

I admire your keeping your trades to just $30.00 until you'd built up your base. Excellent money management, IMO.

Enjoy the dive vacation with your earnings!

Originally Posted by beehivesjoe

Okay, officially moved in! My win/loss is like 30% wins I'm sitting down today officially writing rules and trying to trade these for reals instead of just for the thrill. I will start posting my wins/losses and a few charts for why I took trades. Then you guys can critique my trades and maybe some day they will be able to help others (hopefully)! Synikk and Cherry thanks for everything! Without you guys I would still be trying to gamble these without making a set of rules. Good luck to everyone!

Originally Posted by beehivesjoe

My T/A is pretty good. I've always been more of a swing trader though. Swing Trading you just watch the daily and the hourly, to trade binaries I'm still trying to figure out which time frames I'm going to watch.
I'm thinking following the 15 minute trend, waiting for a pullback into the TAZ (between the 10/30 emas) and then entering using the 5 minute? I'm just now sitting down writing my rules and trying to figure stuff out, so let me know what you think!

Originally Posted by beehivesjoe

I need to do more research on Bollinger bands, I know it's an oversold/overbought indicator but when I first started researching indicators I kept reading how people buy when it crosses the middle (20) and sell when it touches the top band. The more I read now people buy when it touches the top band because it means its in a strong trend. I'll look more into those today

I like indicators for daily charts, but they seem to whipsawy in intraday charts? On intraday I'm liking just moving averages and MACD. (using MACD for divergences). I think I have to stick to slower time frames like the 5+ because it takes me time to make up my mind! Watching the minute chart jump up and down messes me up. I finally got ToS installed on this comp so I can start looking back a few days to see if I should try using indicators on the intra day (macd/rsi/stochs is what I would use) I'll keep updating!
Maybe one day we will be as good as Cherry!

Originally Posted by syynik

I'm still figuring these out myself--I'm using MacD, RSI, and OBV along with the bollinger bands on a 1 minute, 1 day chart. I learned something last week from an amazing trader that I was stupidly ignoring. I'd watch the MACD and try to buy when the 10 crossed over the 20, BUT I started watching the bollies as well. When the price heads out of the bollies, It *generally* (except when it doesn't, ) comes back in- SO, I'd watch for REALLY REALLY obvious moves coming. MSFT was HUGELY oversold early, so I bought a call based on the bollies and the macd. That paid off. I'm going to keep myself to those obvious oversold/overbought moves next week, no more trying to wring 1 or 2 points out--it's too nervewracking.

Originally Posted by cherrycoke

wow guys , your "tools" are impressive. i have to say my set of tools really pale in comparison . In fact it seems that i might be a minimalist .

Originally Posted by cherrycoke

wow guys , your "tools" are impressive. i have to say my set of tools really pale in comparison . In fact it seems that i might be a minimalist .

Originally Posted by beehivesjoe

I started off the day terrible, had two losing trades in a row. I finally got pissed and made a huge sign that said PATIENCE YOU F*$# IDIOT, WAIT FOR THE PERFECT ENTRY! Just by doing something so simple helped out a ton! I would start to place an order and saw my sign, sure enough I caught my self numerous times trying to get in to early. By making myself wait I'm 3/3 ever since I put that sign up